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Tuesday, March 6, 2012

January's UO Economic Indicators Show Improvement

Each month the University of Oregon's Department of Economics releases a State of Oregon Economic Indicators summary. Today's release reports that economic activity continued to improve in January 2012. The monthly measure of economic activity rose from -0.45 in December to +0.06 in January. This means that in January 2012, Oregon saw growth slightly above the average rate in the state during the 1990 to 2011 period.

Here are two additional highlights from the January summary:

Manufacturing and services sectors made positive contributions to the measure of economic activity, while construction and household sectors continued to drag.

Compared with six months ago, the UO Index now sits at levels that indicate continued growth in 2012. Recent increases in oil prices are likely to work against that growth though.

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